Hoffmann, Mathias; Mönch, Emanuel; Schultefrankenfeld, … - 2021
Yes, they would. We collect medium- and longer-term inflation expectations from 9,000individuals in Germany … Reserve’s flexible average inflation targeting (AIT). Inflationexpectations significantly increase for the treated individuals …. Unconditionally, the average probability mass is well-centeredaround the ECB’s inflation aim of 2%. In a randomized control trial, we …